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Susie

Asked about “Ask the Dolans: Dolans.com”

Buy-out of house

Recently divorced, I am now faced with the decision if I should buy my husband out of the house or shall I let him buy me out, get the cash and wait a year to purchase property again. What do you suggest?

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real estate

Posted 2009-07-29T00:27:00Z
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jonzol

3 answers

Too little information to answer. It depends on the current value of the house.Is it financed. Is the principal balance on the mortgage is more than the home's fair market value.

Theoretically, if you are experiencing the same slowing market as a big chunk of the country, it wold make sense to get out now, and to buy a little bit later, but, again, as I said, too little inforamtion is offered.

Posted 2009-08-05T20:40:03Z

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jonzol was invited by Yedda to answer this question.

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